$BTC is currently trading at $92,627 (-2.6%) following a sharp rejection from the $95.6K area and a rapid flush to $91.9K before stabilizing. The breakdown below short-term MAs (MA7 93.2K < MA25 94.6K < MA99 95.4K), combined with a clear volume spike (~$1.17B USDT, 24h), points to leverage-driven de-risking rather than structural weakness. The price is now consolidating after this forced selling. Support sits at $91.5K–$92.0K, with resistance at $94.5K–$95.5K; holding support favors a range rebuild, while a loss here opens the downside toward $88K–$90K on continued risk-off flow.